News Capsule: Canada Pea Market and Its Impact on India
18-Dec-2025 11:10 AM
News Capsule: Canada Pea Market and Its Impact on India
2025–26 (Outlook)
★ Canada’s dry pea production is expected to rise by 31% to about 3.9 million tonnes, supported by a 22% increase in yields due to favourable weather. Yellow peas are estimated at around 3.1 million tonnes, green peas at about 0.6 million tonnes, with the balance from other varieties.
★ With higher opening stocks, total supply could increase by 33% to nearly 4.4 million tonnes.
★ Export demand is expected to remain limited due to import tariffs imposed by China and India, with exports only marginally higher at around 2.2 million tonnes.
★ As a result, carry-out stocks are projected to rise to record levels.
★ Prices across all pea types are under pressure, with the average price expected to decline by 31% to about 280 dollars per tonne.
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November 2025 (Canada – Saskatchewan)
★ On-farm prices rose by 5 dollars per tonne for yellow peas and 15 dollars per tonne for green peas.
★ Despite sluggish exports, prices remained steady.
★ Green peas continue to command a premium of about 125 dollars per tonne over yellow peas, compared with a record 208 dollars per tonne premium last year.
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United States (2025–26)
★ US dry pea production is estimated to increase by 23% to about 0.93 million tonnes.
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Market Prices (Current Trend)
★ Yellow peas are trading around 7.00 dollars per bushel.
★ Green peas are quoted at 10.00–10.50 dollars per bushel (#2 spec).
★ Maple peas are trading in the 9.50–11.00 dollars per bushel range.
★ Overall, ample supply and sluggish exports suggest pea prices are likely to remain sideways in the near term.
In India, imports are lower compared with last year and port stocks are comfortable. Prices may remain stable for now, but could move higher if imports decline further.